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Directors Service Agreement

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This document covers terms of service (employment) of a company director. By law, all employees are entitled to a written statement of their terms of employment and itemised pay statements. This includes directors. It details provisions such as:

Job title

Start date

Place of work

Details of salary and other benefits

Hours of work

Entitlement to sick pay

Holiday details

Pension arrangements

Notice provisions

Grievance and discipline procedures

Duties

Because this document is a legal requirement, it will protect the shareholders and investors. Agreeing on these key issues in advance will give all concern a level of security and peace of mind.

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